Transaction accounts

There are many types of transaction accounts - to find out about the interest rates, and fees when using them just select the option you prefer below:

Please note Service Fees may be charged in addition to Account Fees and are subject to change without notice. All interest rates are updated regularly and are subject to change without notice.

Business and Agribusiness Account Rebates may also apply.

 MyMoney for Business Accounts9 - Interest Rates and Fees

Credit Balance Interest Rates
Current % p.a

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Monthly1 base or account management fee

 $5.00

No account fees apply to the following:

 No charges for deposits to the account5, staff assisted transactions, BNZ ATM, BNZ Internet and Electronic Transactions, Automatic Payments and cheques written8 each month (non-BNZ ATM transactions not included). No charge for Cash Handling Fees and the five most expensive alerts each month. Other Service Fees may apply.

Overdraft facility fee4,6

 0.15% per month ($5.00 minimum)
Unarranged overdraft fee4,6 0.15% per month ($5.00 minimum)

 Business First Transact Accounts - Interest Rates and Fees
  Pay As You Go Plan $10 Plan $20 Plan

Credit Balance Interest Rates
Current % p.a

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Monthly1 base or account management fee

 $3.50 $10.00 $20.00
No Account Fees apply for the following Not Applicable

First 40 transactions each month. 

Five most expensive Account Alerts each month1.

Service Fees may apply.

First 80 transactions each month. 

Five most expensive Account Alerts each month1.

Service Fees may apply.
BNZ Internet Banking* and Internet Banking for Business* 15 Cents. Service Fees may apply. 15 Cents. Service Fees may apply. 15 Cents. Service Fees may apply.

Electronic Transactions:
(EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking* , self service transactions and Automatic Payments2)

 35 cents. Service Fees may apply 35 cents.
Service Fees may apply		 35 cents. 
Service Fees may apply
Manual Transactions :
(Cheques written8, Freepost deposits, Store/staff assisted transactions, Express Deposit Tower deposits and ATM* (including outward and inward payments))		 65 cents. Service Fees may apply 65 cents. Service Fees may apply 65 cents. Service Fees may apply
Overdraft facility fee4,6

0.15% per month

($5.00 minimum)

 0.15% per month ($5.00 minimum) 0.15% per month ($5.00 minimum)
Unarranged overdraft fee4,6 0.15% per month ($5.00 minimum) 0.15% per month ($5.00 minimum) 0.15% per month ($5.00 minimum)

 Market Connect Transaction Account - Interest Rates and Fees
(Minimum overdraft limit of $500k)

Monthly1 base or account management fee

 $3.50
No Account Fees apply for the following Not Applicable
BNZ Internet Banking* and Internet Banking for Business*
 15 Cents. Service Fees may apply.

Electronic Transactions:
(EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking* , self service transactions and Automatic Payments2)

 35 cents. Service Fees may apply
Manual Transactions:
(Cheques written8, Freepost deposits, Store/staff assisted transactions, Express Deposit Tower deposits and ATM* (including outward and inward payments))		 65 cents. Service Fees may apply
Overdraft facility fee4,6 0.10% per month ($5.00 minimum)

 Business Transaction Accounts - Interest Rates and Fees

Business Advantage Credit Balance Interest Rates
Current % p.a

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Rapid Repay Business Loan Credit Balance Interest Rates
Current % p.a

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Monthly1 base or account management fee

 $3.50
BNZ Internet Banking* and Internet Banking for Business* 25 cents.
Service Fees may apply

Electronic Transactions:
(EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking* , self service transactions)

 35 cents.
Service Fees may apply

Automatic Payments2 

50 cents. Service Fees may apply

ATM*

 50 cents. Service Fees may apply

Cheques written8

 65 cents

Freepost Deposits

 65 cents

Store/staff assisted transactions
(Including outward and inward payments)

 $1.25. Service Fees may apply

Express Deposit Tower deposits

 $1.25
Overdraft facility fee4,6 0.15% per month ($5.00 minimum)
Unarranged overdraft fee4,6 0.15% per month ($5.00 minimum)

 Agribusiness Transaction Accounts - Interest Rates and Fees
Farm First Transact
Charges Pay As You Go Plan $10 Plan

Credit Balance Interest Rates
Current % p.a

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Monthly1 base fee $3.50 $10.00*
No Account Fees apply for the following Not Applicable

All transactions each month.

Five most expensive Account Alerts each month1.

Service Fees may apply
BNZ Internet Banking* and Internet Banking for Business* 15 cents
Service Fees may apply		 No Account Fees
Service Fees may apply
Electronic transactions:
(EFTPOS, Direct Debits, Direct Credits, Telephone Banking* ,self service transactions & Automatic Payments2)		 35 cents
Service Fees may apply		 No Account Fees
Service Fees may apply
Manual Transactions:
(Cheques written8, Freepost deposits, Store/staff assisted transactions, Express Deposit Tower deposits and ATM* (including outward and inward payments))		 65 cents
Service Fees may apply		 No Account Fees
Service Fees may apply
Overdraft facility fee No charge No charge

The following Service Fees are included in your $10 monthly base fee:
Automatic Payments
Bill Payments
Direct Debit
Telephone Banking
Internet Banking
Transaction Service Fees
Farm First Transaction Account, Farm First Rapid Repay and Farm First Revolving Credit

Credit Balance Interest Rates
Current % p.a

None

(except for Farm First Revolving Credit which receives 1%)

Monthly1 base or account management fee

 $3.50
BNZ Internet Banking* and Internet Banking for Business* 25 cents. Service Fees may apply

Electronic Transactions:
(EFTPOS, Bill Payments, Direct Credits, Direct Debits, Telephone Banking* , self service transactions)

35 cents. Service Fees may apply

Automatic Payments2

 50 cents. Service Fees may apply

ATM*

 50 cents. Service Fees may apply

Cheques written8

 65 cents

Freepost Deposits

 65 cents

Store/staff assisted transactions
(includes outward and inward payments)

$1.25. Service Fees may apply

Express Deposit Tower deposits

 $1.25
Overdraft facility fee4,7 0.15% per month ($5.00 minimum)

If you would like more information on any of the transaction accounts featured above, send us an email with your query or phone us any time on 0800 ASK BNZ (0800 275 269).

Small print

  1. Fees are charged on the last business day of each calendar month and are based on the period between the last business day of the previous calender month and the second to last business day of the current month, inclusive.
  2. Payments into your account from other parties by way of BNZ Internet Banking, Automatic Payment or ATM are classed as Electronic Transactions.
  3. Must have National Superannuation payment or equivalent retirement income direct credited into this account to qualify for fee savings.
  4. Calculated on the overdraft limit or the actual overdraft utilised, whichever is the greater. Debit interest charges also apply, minimum charge $1.00.
  5. Fees for Telegrahic Transfers will still apply.
  6. This fee does not apply to Rapid Repay Business Loans.
  7. This fee does not apply to Farm First Rapid Repay or Farm First Revolving Credit.
  8. Government stamp duty of 5 cents per cheque will be charged to the account when the cheque book has been issued.
  9. MyMoney for Business is for Small Business customers only. It is not available for customers with over $1m turnover or managed by BNZ Partners.

* Although the Telephone and Internet Banking and ATM services will normally be available 24 hours a day, maintenance of the system is required from time to time. Accordingly, certain options may not be available for an average of three hours a week. This maintenance, however, will be carried out at times which will cause the least disruption to you.